Victory Capital Management Inc. Has $69.28 Million Holdings in Stride, Inc. (NYSE:LRN)

Victory Capital Management Inc. lessened its stake in Stride, Inc. (NYSE:LRN - Free Report) by 19.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 666,636 shares of the company's stock after selling 160,869 shares during the quarter. Victory Capital Management Inc. owned about 1.53% of Stride worth $69,283,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC increased its stake in shares of Stride by 1.5% in the 4th quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company's stock valued at $675,000 after acquiring an additional 93 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Stride by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company's stock valued at $2,151,000 after purchasing an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Stride by 1.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company's stock worth $1,047,000 after purchasing an additional 100 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of Stride by 3.6% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,232 shares of the company's stock worth $336,000 after purchasing an additional 113 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Stride by 3.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,213 shares of the company's stock valued at $274,000 after buying an additional 121 shares during the period. Institutional investors and hedge funds own 98.24% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. BMO Capital Markets lifted their target price on Stride from $122.00 to $134.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Barrington Research boosted their price objective on Stride from $130.00 to $140.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Morgan Stanley raised their target price on shares of Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Finally, Canaccord Genuity Group lifted their price target on shares of Stride from $100.00 to $130.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $116.83.

Stride Stock Down 2.0 %

NYSE:LRN traded down $2.48 during trading hours on Monday, reaching $120.74. 996,961 shares of the stock were exchanged, compared to its average volume of 807,028. The stock has a market cap of $5.26 billion, a PE ratio of 20.16, a PEG ratio of 1.04 and a beta of 0.46. Stride, Inc. has a twelve month low of $56.17 and a twelve month high of $145.00. The firm has a 50 day moving average of $125.87 and a 200 day moving average of $103.39. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93.

Stride (NYSE:LRN - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. On average, equities analysts expect that Stride, Inc. will post 6.67 earnings per share for the current year.

About Stride

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.